Special prosecutor to be created to investigate stock exchange improprieties

improprieties A new prosecution office dealing only with stock exchange transactions may be created next year. The office would look into cases of insider trading and share price manipulation in stock transactions, the two most popular kinds of infractions on the Warsaw Stock Exchange (WSE). However, the body responsible for tracing illegal transactions is the Securities and Stock Exchange Commission (KPWiG) and the Market Supervision Department (DNR). Under new regulations introduced at the end of August in cases of bourse crimes KPWiG may now stand as a victim and represent the shareholders who lost money because of manipulated transactions. The special prosecutor should make legal action easier as all data will be stored in a central database. (Puls Biznesu, page 14)